WAR vs. ALTY

Last updated Jun 4, 2026

WAR (U.S. Global Technology and Aerospace & Defense ETF) and ALTY (Global X Alternative Income ETF) are both exchange-traded funds - WAR is a Aerospace & Defense fund actively managed by US Global, while ALTY is a Global Allocation fund tracking the Indxx SuperDividend Alternatives Index. WAR is actively managed, while ALTY is passively managed. At a 0.43 correlation, their price movements are largely independent. WAR charges 0.60%/yr vs 0.50%/yr for ALTY.

Performance

WAR vs. ALTY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in U.S. Global Technology and Aerospace & Defense ETF (WAR) and Global X Alternative Income ETF (ALTY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

WAR

• 1D: -1.92%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ALTY

• 1D: -0.33%
• 1M: 0.31%
• YTD: 6.19%
• 6M: 6.51%
• 1Y: 15.73%
• 3Y*: 11.40%
• 5Y*: 5.55%
• 10Y*: 6.16%

*Multi-year figures are annualized to reflect compound growth (CAGR)

WAR vs. ALTY - Yearly Performance Comparison

	2026 (YTD)
WAR U.S. Global Technology and Aerospace & Defense ETF	2.67%
ALTY Global X Alternative Income ETF	-0.33%

Correlation

The correlation between WAR and ALTY is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 27, 2026	0.43

WAR vs. ALTY - Sectors Allocation Comparison

Sectors	WAR	ALTY
Technology	63.8%	18.3%
Industrials	31.1%	1.0%
Communication Services	2.0%	5.3%
Financial Services	0.5%	0.1%
Basic Materials	-	0.4%
Consumer Cyclical	-	4.1%
Consumer Defensive	-	2.6%
Energy	-	21.0%
Healthcare	-	1.4%
Real Estate	-	33.2%
Utilities	-	12.7%

Return for Risk

WAR vs. ALTY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ALTY

ALTY Risk / Return Rank: 82
ALTY Sharpe Ratio Rank: 83
ALTY Sortino Ratio Rank: 84
ALTY Omega Ratio Rank: 86
ALTY Calmar Ratio Rank: 72
ALTY Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WAR vs. ALTY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for U.S. Global Technology and Aerospace & Defense ETF (WAR) and Global X Alternative Income ETF (ALTY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	WAR	ALTY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.73	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.53	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.37	—
Sharpe Ratio (All Time) Calculated using the full available price history	5.18	0.33	+4.85

Drawdowns

WAR vs. ALTY - Drawdown Comparison

The maximum WAR drawdown since its inception was -1.92%, smaller than the maximum ALTY drawdown of -51.47%. Use the drawdown chart below to compare losses from any high point for WAR and ALTY.

Drawdown Indicators

	WAR	ALTY	Difference
Max Drawdown Largest peak-to-trough decline	-1.92%	-51.47%	+49.55%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.34%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-10.08%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.48%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-51.47%	—
Current Drawdown Current decline from peak	-1.92%	-0.37%	-1.55%
Average Drawdown Average peak-to-trough decline	-0.88%	-6.75%	+5.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.94%	—

Volatility

Volatility by Period

	WAR	ALTY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.41%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.38%	—
Volatility (1Y) Calculated over the trailing 1-year period	42.90%	5.79%	+37.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.90%	10.61%	+32.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.90%	16.58%	+26.32%

WAR vs. ALTY - Expense Ratio Comparison

WAR has a 0.60% expense ratio, which is higher than ALTY's 0.50% expense ratio.

Dividends

WAR vs. ALTY - Dividend Comparison

WAR has not paid dividends to shareholders, while ALTY's dividend yield for the trailing twelve months is around 8.08%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ALTY Global X Alternative Income ETF	8.08%	7.50%	7.88%	7.31%	7.66%	6.88%	9.20%	8.74%	8.49%	7.52%	8.20%	4.21%
WAR U.S. Global Technology and Aerospace & Defense ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WAR and ALTY in my portfolio?

WAR and ALTY have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WAR or ALTY?

On fees, ALTY is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WAR or ALTY?

ALTY is cheaper with a 0.50% expense ratio, compared with 0.60% for WAR.

Which ETF pays a higher dividend yield, WAR or ALTY?

ALTY has the higher dividend yield at 8.08%, compared with 0.00% for WAR.

What is the main difference between WAR and ALTY?

WAR is categorized as Aerospace & Defense, while ALTY is Global Allocation. They also come from different issuers: US Global and Global X. Their fees differ too: 0.60% for WAR and 0.50% for ALTY.